Insurance Underwriter salary in Michigan
Insurance Underwriters in Michigan earn a median of $77,380 a year ($37.20 an hour), based on BLS data for 2,590 workers.
Pay ranges from $50,960 for the lowest-paid 10% to $123,440 for the top 10%. That is 5% lower than the national median of $81,370. Michigan ranks 34th of 49 states for insurance underwriters pay. There are 0.59 insurance underwriters per 1,000 jobs here — close to the national average. The average (mean) salary is $81,620, above the median because a few high earners pull it up.
Pay range for insurance underwriters in Michigan
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $50,960 | $24.50 |
| 25th percentile | $61,910 | $29.77 |
| Median | $77,380 | $37.20 |
| 75th percentile | $99,850 | $48.01 |
| 90th percentile (top earners) | $123,440 | $59.35 |
| Average (mean) | $81,620 | $39.24 |
Half of insurance underwriters earn more than the median and half earn less. Percentiles show the spread: 10% earn less than the 10th percentile, and 10% earn more than the 90th.
Median paycheck, before taxes
| Pay period | Amount |
|---|---|
| Monthly | $6,448.33 |
| Semi-monthly (24 a year) | $3,224.17 |
| Biweekly (26 a year) | $2,976.15 |
| Weekly | $1,488.08 |
| Hourly | $37.20 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Insurance Underwriter salary in cities in Michigan
| Metro area | Median salary | Workers |
|---|---|---|
| Detroit-Warren-Dearborn, MI | $80,180 | 1,070 |
| Grand Rapids-Wyoming-Kentwood, MI | $79,560 | 400 |
| Ann Arbor, MI | $77,750 | 30 |
| Lansing-East Lansing, MI | $75,140 | 480 |
| Traverse City, MI | $69,500 | 100 |
Highest-paying states for insurance underwriters
| State | Median salary |
|---|---|
| Massachusetts | $106,640 |
| New Hampshire | $103,940 |
| Nevada | $101,440 |
| Connecticut | $100,690 |
| Colorado | $100,640 |
| Washington | $99,400 |
| New York | $97,450 |
| Wisconsin | $97,370 |
| New Jersey | $96,220 |
| Maine | $95,510 |
Related jobs in Michigan
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $78,820 | $37.89 |
| Loan Officer | $74,470 | $35.80 |
| Financial and Investment Analysts | $95,420 | $45.88 |
| Personal Financial Advisor | $77,930 | $37.47 |
| Financial Specialists, All Other | $75,040 | $36.08 |
| Property Appraisers and Assessors | $64,270 | $30.90 |
| Tax Preparer | $46,400 | $22.31 |
| Credit Analyst | $74,640 | $35.89 |
| Credit Counselor | $52,160 | $25.08 |
| Financial Risk Specialist | $103,940 | $49.97 |
| Tax Examiners and Collectors, and Revenue Agents | $63,440 | $30.50 |
| Budget Analyst | $96,430 | $46.36 |
| Financial Examiner | $71,050 | $34.16 |
| Human Resources Specialist | $69,520 | $33.42 |
More: Business and Financial Operations Occupations · all salaries in Michigan
Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics, May 2025 estimates, occupation code 13-2053. Wages include base pay, tips, commissions and shift pay, but not overtime, bonuses or benefits, and exclude the self-employed.
Frequently asked questions
How much does a insurance underwriter make in Michigan?
The median salary for insurance underwriters in Michigan is $77,380 a year, or $37.20 an hour. Pay ranges from $50,960 for the lowest-paid 10% to $123,440 for the top 10%.
How much do the highest-paid insurance underwriters make in Michigan?
The top 10% of insurance underwriters in Michigan earn at least $123,440 a year. The top 25% earn $99,850 or more.
What is the starting pay for insurance underwriters in Michigan?
Entry-level pay (the 10th percentile) is about $50,960 a year, and a quarter of insurance underwriters earn $61,910 or less.
How many insurance underwriters work in Michigan?
About 2,590 insurance underwriters are employed in Michigan, not counting the self-employed.